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Transaction Analy Gale Inc. entered into the following transactions during emery a Borrowed $100,000 from First Street Bank by signing a note payable b.

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Transaction Analy Gale Inc. entered into the following transactions during emery a Borrowed $100,000 from First Street Bank by signing a note payable b. Purchased $25,000 of equipment for cash Paid $2,500 to landlord for rent for January d. Performed services for customers on account, $10,000. e. Collected $3,000 from customers for services performed in Transaction d Paid salaries of $7,500 for the current month Declared and paid $1,500 dividend to stockholders Purchased $2,500 of sup Required: Show the effect of each transaction using the following model. If an amount box does not require an entry leave a blank Enter decreases in account values as negative numbers. If the effect of a transaction is to increase AND decrease the same em, enter "0" since the net effect on the mi Stockholders Equity Contributed Assets Libe Capital Retained Earnings

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